The company recorded a net loss of P185,000 for the year just ended. Total operating expenses was P3,794,000, cost of sales was P1,830,300, and sales discount was P88,890. How much is the gross sales that the company generated during the year?

The company recorded a net loss of P185,000 for the year just ended. Total operating expenses was P3,794,000, cost of sales was P1,830,300, and sales discount was P88,890. How much is the gross sales that the company generated during the year?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 15EB: Tanke Company reported net income on the year-end financial statements of $850,200. However, errors...

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The company recorded a net loss of P185,000 for the year just ended. Total operating expenses was P3,794,000, cost of sales was P1,830,300, and sales discount was P88,890. How much is the gross sales that the company generated during the year?

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